The Norman Transcript


March 20, 2014

Developer countersues over Lake Texoma project

OKLAHOMA CITY — The developer of a planned $750 million resort on Lake Texoma has countersued the Commissioners of the Land Office over the stalled project on former state park land.

Pointe Vista Development LLC alleged this week that the land office breached its contract over the planned four-star resort. In January, the state agency sued Pointe Vista, trying to force the developer to move forward with the project or sell the land back to the state.

Pointe Vista claims the state has held up progress on the development. The developer signed a deal with the land office in 2006 to purchase 758 acres of park land at Lake Texoma for $14.6 million. The sale of an additional 1,022 acres of land known as Area C that Pointe Vista negotiated with the state Tourism Department in 2008 has yet to be finalized because an environmental impact study required by the U.S. Army Corps of Engineers remains unfinished.

In its original lawsuit, the Commissioners of the Land Office alleged that Pointe Vista hadn’t obtained financing for the project or made the necessary utility plans.

In response to the counter suit, Land Office Secretary Harry Birdwell said the state would continue to hold its ground.

Pointe Vista has also asked that the state’s lawsuit be dismissed.

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